Goal of tailings management should be zero harm – report

South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.

South Africa's Anglo American Platinum (Amplats) expects half-year profits to fall by as much as 67 percent due to a stronger rand, lower sales and post-tax impairments, the company said on Tuesday.

Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.

The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.

The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.

The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.